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Listing ID: 4483
Total Viewed: 5409
Last Refreshed: 07/10/2018

JAMMING STUDIO BUSINESS FOR TAKEOVER : ESTABLISHED & PROFITABLE !! ** (Under Offer, not open for new buyers)

Central Area, Singapore

Asking Price : S$55,000

Revenue: S$50K-100K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2009

Gross Profit: SGD50K - 100K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 2

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Shortage of full time manpower due to quota restrictions , no other reasons
Business Description


⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

⚡️⚡️⚡️⚡️⚡️EARLY BIRD TAKEOVER⚡️⚡️⚡️⚡️⚡️

                                      EXTENDED 

                         💰💰💰💰$55,000.00💰💰💰💰

MIN SECURITY DEPOSIT:$15,000.00

BALANCE WITHIN 14-30DAYS 

OR 

FULL PAYMENT

👉1st come 1st serve 👈

( Valuation above does not include rental deposits/+ rental liabilities for TA )

⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️

ALLIANCE MUSIC (AMG) - JAMMING STUDIOS 

ACRA registered :53096541X

Address : 100 Jalan Sultan ,Sultan Plaza ,#02-43 S199001 ( Central Location ) 

Area Size :1195 > 1230 square feet (+-)*

Years Since Inception : 9 years and going strong 

Tenancy Agreement : Till 2021 , extendable options if available ( flexible ) 

Current rent :$4100.00/ month ( Landlord will discount off $1000.00 for new business takeover tenant/ entreprenaur therefore in a ballpark savings of $12,000 per annum for new tenant for the remaining tenancy .


Current Area to squarefeet valuation :$3.43 per square feet *


After takeover and with proper documentation area to squarefeet valuation :$2.59 per square feet *

STUDIO BUSINESS TAKEOVER VALUATION :REDUCED NOW TO ➡️➡️➡️➡️➡️ $55,000.00👍👍

Which includes>>>>[Part A to Part E (i &ii) ] : references below 👇👇

( REDUCED FROM $9X,XXX FROM INITIAL VALUATION & WEIGHING IN ON DEPRECIATION OF STUDIO ASSETS / FIXTURES AND THE BUSINESS VALUATION ITSELF )


First come First Serve , To Deal Fast and have an Upperhand , buyer whom secures with a deposit , clinches the deal, HOT PROFITEERING DEALS are rare to come by ,like they say STRIKE WHEN THE IRON IS HOT 🔥🔥 : Seller


HOT SPOT✅ : GREAT VIBE ✅: NO OPERATIONAL RESTRICTIONS ✅

Location : Central within CBD

Public Transport : 10mins walk > Lavender EW Line / Nicoll Highway Circle Line 

Mall Amenities: 24 hour kopitiam , 24 hour security, Central Airconditioning 8am-8pm

Season Parking : For tenants ( Multi-story carpark )/ Season Parking Available from Management ( Current season parking for tenants valued at $107/month , cheaper rates applies if pay 3 months in advance ,TBA)*

Current Business Hours : 24/7 ( Concurrent ); NO time restrictions, robust potential to earn more !


ROBUST BUSINESS POTENTIAL

With Citygate developement just beside Sultan Plaza ,Citygate's ( formerly Keypoint) completion by 2019 and current vibe near CBD , there will be great expat potential and corporate bookings to further boost studio utilization and bookings by ardent musicians .Its a treasure chest of awesome business vibe and atrraction as its just a minutes walk between both the malls and nearby condominiums such as CityLights and Skyline Condominium and not forgetting the bustling vibe and music scene along Bussorah , Haji and Bali Lane just a few minutes walkaway.In addition , freelance tutors may utilize studio space via studio space rental for weekdays 9 am to 5 pm , before the actual crowd bookings for jamming reigns from evening till late.Being central , most freelance tutors need not travel to separate residential student houses ,rather seizing the opportunity to rent from studio owners for space to teach their students , which is in turn added profits to new owner .


STUDIO STRUCTURE AND BUILT :

Walls are 3 layered thick consist of gypsum cornice boards laced in between ROXUL 100m3 density rockwool for proper sound treatment ,floors fully carpeted ,ceilings underside with ROXUL 100m3 .Larger studios are using solid teak wood doors.


FULLY EQUIPPED STUDIO BACKLINES & SOUND SYSTEMS BREAKDOWN :PART A

[Studio 1 : Small Glass with View

Operationally Commenced Operations : 2009

1 x Laney Mixer CD 1042S 10 Channel DSP Stereo : Phantom Enabled 

1 x Tama Swingstar Drumkit with standard cymbals 

1 x Iron Cobra Double Pedal 

2 x Laney CX15 Speakers on hercules stands 

1 x Lowdown Line 6 LD175 Bass Amp 

1 x Laney LX120Twin 212 Guitar Amp 

1 x Laney LV300Twin 212 Guitar Amp 

2 x wired Microphones with mic stands ( 2 x Audio Technica Xtreme XM50 Dynamic )

1 x Available mobile whiteboard 

Area space : 130-135 sq feet 

Air conditioning : Panasonic Inverter CU-S9HKZ ( 1 Condenser + 1 Blower )🌀


[Studio 2: Non Glass ]

Operationally Commenced Operations : 2014

1 x Laney Mixer CD1042 S 10 channel stereo DSP : Phantom Enabled 

2 x Laney CX15 speakers with hercules stands 

1 x Pearl Forum Series Drumkit with standard cymbals 

1 x Single Pedal TAMA

1 x Fender Bass Rumble 210 

1 x Laney MXD 120H head + Ibanez 412 Cab 

1 x Crate Flexwave 120H head + Jetcity 412 Cab 

2 x wired microphones with stands ( 2 x Audio Technica Xtreme XM50 Dynamic )

1 x Wall mounted whiteboard within 

Area space : 120 square feet 

Air conditioning : Fujitsu Inverter ( Part of System 3 )🌀


[Studio 3 : Big Glass with view ]

Operationally Commenced Operations : 2010

1 x Laney Mixer CD 1090S 10 Channel Stereo DSP : Phantom Enabled 

2 x Sonador SG12 speakers with hercules stands 

1 x Yamaha Gigmaker Drumkit with standard cymbals 

1 x Double Pedal Pearl Eliminator 

1 x Hercules Single Tier Keyboard Stand ( for mixer ) 

1 x Yamaha MM6 Synthesizer 61 Key with stand and pedal 

2 x Marshall AVT150Head + Marshall 412 Cabs

1 x Hartke LH1000 head + Hartke 410 XL + Hartke VX 15 Cabs 

2 x wired microphones with stands ( Shure SM58 & Audio Technica Midnight MB3K )

Area space :150 square feet 

Air conditioning : Daikin Inverter FTKD350DVM 🌀( 1 Condenser + 1 Blower )


[Studio 4 : Premium ]

Operationally Commenced Operations : 2012

1 x Laney CD 1090S 10 Channel Stereo DSP : Phantom Enabled 

2 x Samson RS15HD speakers on hercules stand 

1 x Yamaha Stage Custom Drumkit with standard cymbals 

1 x Double Pedal Pearl Eliminator / Iron Cobra 

1 x Hercules Single Tier Keyboard Stand ( for mixer )

1 x Hercules Double Keyboard 2 in 1 Stand 

1 x Yamaha MM6 Synthesizer 61 key with stand and pedal 

1 x Korg SG ProX Full Weighted 88 Key KB  with stand and pedal 

1 x Hartke LH1000 Head + Hartke AK410 + Hartke 410 XL cabs

1 x Marshall Mode IV Head + Mode IV Cab 

1 x Marshall AVT150 H head + Marshall 412 Cab

2 x wired microphones with mic stands ( 2 x Shure SM58 )

1 x 3 seater sofa 

1 x wall mounted white board within 

Area Space : 224-225 square feet 

Air conditioning : Fujitsu Inverter ( Part of System 3 )🌀


Inclusive within each studios :

2 x Canare ( Japan ) XLR Cables with Neutrik ( Sui ) 

14 x Instrument Mono Cables [1-3/2-3/3-4/4-4]- Overall

📍Each existing studio 's equipments and sound systems are in perfect working condition as its regularly mantained till current and unless otherwise required , it will be as is where is basis ( good working and serviceable condition )


IN HOUSE GUITAR AND BASSES and ACCESORIES :PART B

> 1 x Wall Mounted Rack with metal slots for storage 

> 4 x Electric Guitar Instruments 

- Craftsman Les Paul GS200 HB ( China )

- Craftsman Stratocaster ST120 CA ( China )

- Fernandez Electric Guitar 

- Black Floyd Rose Serial 0060490087 need servicing 


> 4 x Electric Basses Instruments 

- Ibanez GIO Soundgear J Bass ( 4 string -China )

- Yamaha RBX270 PJ Bass ( 4 string - China )

- BC Rich Virgin VB4 Active ( 4 string - China )

- Craftsman P Bass FP10 ( 4 string -China )


> 2 x Marshall Footswitches 


> 1 Glass Cabinet housing : Almost new 👌🏼& mint condition!

1 x Digitech Death Metal Distortion 

1 x Digitech Bad Monkey Tubed Overdrive 

1 x Digitech X Series Metal Master 

1 x Digitech X Series Digitsl Multi Voice Chorus 

1 x Digitech Digital Reverd 

1 x Digitech Screamin Blues Overdrive 

1 x Digitech CROSSROADS Eric Clapton 7 Signature Tones Pedal 

1 x Korg Pitchblack Pedal 

1 x Zoom G2 Digital Pedal 

1 x BOSS Adaptive Distortion 

1 x BOSS Bass Equalizer GEB 7

1 x BOSS Limiter Enhancer LMB 3

1 x Danelectro Hash Brown Flanger DJ8

1 x Danelectro Corned Beef Reverb DJ4 

1 x ElectroHarmonix Wiggler 

1 x ElectroHarmonix Metal Muff Top Boost 

1 x HellBabe Behringer (Model: HBO1)

1 x BETA AIVIN Chorus Bass BCH-1


CORNER CORRIDOR :

6 x Solid Music Stands 

3 x Single Tier Adjustable Keyboard Stand


OTHER STUDIO WARES & FURNISHINGS :PART C

FRONT MAIN ENTRANCE : 

>Maytag Refrigerator (6 feet)- Suitable for in house drink sales and food consumables storage 

>Customized counter with glass and cabinet ( 4'x5'x2') - Front main counter for  monitoring sales and paperwork and other accesories storage facilitation .

>Glass Display Rack with shelving - For analog pedal display and rental to jammers 


CHILL OUT CORNER :

2 x Single Sofa Seater now with extra 2 x 2 seater sofas **& 4 cushioned stools 

1 x Coffee Table 


ADDED SECURITY WITHIN STUDIO & FRONT MAIN :PART D

CCTV ready with 4 cameras and 1 receiver without monitor 


GOODWILL SETTLING IN EXPOSURE & ADDITIONAL ESSENTIAL 👌🏼:PART E

(I) Settling In Service: 👌🏼

As part of new owners settling in , current seller will serve to commit his presence on site for up to 7 days from Step 2 grace period ,to provide assistance on essential work flow settling in , pre and post checks when checking in clients , things to look out for during operations , sanitizing practices , clean as you go approach tactics and applications out of goodwill with new buyer on site .


(ii)Additional Essentials 👌🏼

2 x Additional XLR Cables on mount rack 👌🏼

4 x Additional Instrument Mono Cables on mount rack 👌🏼

4 x Guitar / Bass Straps 👌🏼

1 x Lot Guitar Tuners ( varietal up to 3/4 tuners )👌🏼

1 x Lot Kapok for guitars ( varietal up to 3/4 kapoks )👌🏼

1 x Lot Pedal Adapters ( 9 V ) 👌🏼

1 x Lot of Guitar and Bass unopened set strings 👌🏼

2 x Drum Keys 👌🏼

1 x Fast Fret 👌🏼

1 x Lemon Oil 👌🏼

Plus miscellaneous accesories such as loose felts , cymbal stoppers ,multi plugs : General 👌🏼


WHAT YOU SHOULD KNOW AND STAND TO GAIN UPON TAKEOVER :✅

CONCURRENT PRE HANDOVER STUDIO UPGRADE EXERCISE :-By Current Owner 

> Chemically wash all existing aircon units within studio : 5 units ✅💯

> Reinstate the thread spot lights for Studio 1 ,Studio 3 and Studio 4 ✅💯

> Replace chipped and damaged cymbals in studios ,current good ones shall remain✅🌀

> New Drum skin replacement on selected worned out drumkits ✅🌀

> Clearout all personal effects belonging to current tenant from steel racks ✅💯

> Ensure studio acoustic foams are reglued adequately ✅🌀

> Clean and clear out Maytag fridge & front glass counter for new business owner✅🌀

> Replace selected mic and music stands within studio ✅💯

> Clear and clean out private resting room for business owner ✅🌀💯

> Taking count of the last SP Services reading & settlement based on takeover period✅


✅: Indicates checklist 💯: Indicates performed and executed 🌀: Indicates upon takeover 


BONUS : Brand new unopened Fujitsu Inverter PCB controller main motherboard AOYA24LZT3 valued at $342.40 with NO extra charge for new business owner .

Updated : Reinstated to condenser , retrieved old board just to make sure 👍


ASSURITY AND LEGITIMATE DOCUMENTATION AND PAPERWORK :

For interested and profit oriented entreprenaurs seeking to takeover existing lucrative ,on site viewing is encouraged .Save $12000.00 per annum upon takeover with revised rental sum to $3100.00 from $4100.00 with new TA, in a ball park per square feet valuation for venue is at just $2.59 per square feet! ( Based on 1195 sqft +-)


CONDITIONS FOR TAKEOVER SEQUENCE EXERCISE :

Quick Calculation Analogy > Includes ad hoc touch ups , some replacement exercise , clearing of personal effects , aircon chemical overhaul/ wash , ACRA updates & SP Svc cessation and reapplication under new business owner etc


STEP 1⤵️

Minimum handover downpayment by new owner :$15,000.00

( Non refundable nor transferrable ) 


STEP 2⤵️

Within 7-14 days , current business owner to complete the above ( in ✅)

Note : An official checklist will be made available after Step 2 completion to be acknowledged and undersigned between current and new business owner 


STEP 3⤵️ : Straight after Step 2 

Balance of $40,000.00 to be fulfilled by new business owner to current business owner

Buyer to also fulfill minimum $9,300 ( being minimum 3 months deposit ) to landlord followed by new Tenancy Agreement between Landlord for erection of tenancy (TA) details .Also to be exercised would be completion of new ACRA details and SP Services settlement from current owner to new owner .New owner will be accorded 2 weeks grace period upon current seller handover to new buyer ,period of which is non rental accrued for new owner 


STEP 4✅ : FINAL STAGE - Straight after grace period expires , on the 14 th day marking the cessation of grace period , New owner to fulfill the half month rental of $1550.00 followed by monthly installment of $3,100 untill tenancy expires 2021, with options to extend based on prevailing terms and conditions by that time .


Note : All cash and monetary valued transactions will be documented at all stages of the benefit of all parties which includes the landlord ,seller and buyer .


Essential Information Updates :

> ACRA registration update entry 👍 Current business owner to retain Alliance Music (AMG) name while new business owner to register with ACRA using another name of his/her choice.

> SP Services cessation of services of current business owner and new business owner to register new business ownership and meter reading 👍


NOTEWORTHY :

New owner to establish his or her own business entity name .

Current owner to make an official announcement on social media to update new business owner contact hotline for existing clients , corporate clients as well as followers within current business owner facebook account .


Seize this Golden Opportunity NOW! 


Reasons for takeover :Moving on to events planning , corporate events AV & Backline rental facilitation and lighting effects . Studio business will pick up even more vibrant once citygate opens plus existing corporate jamming sessions by religious Organisations under block bookings . Reference can be made thru our Google calendar bookings upon on site viewing . ( reference only , new business owner may have own creative ideas to generate even more revenue income in time ) 


A Profitable Oasis for the Passionate Music Lovers Business Oriented Enthusiast ! 


Upon request* , seller shall disclose past records of studio business transactions for periods between 6months to12 months till current .*


Please also note , seller is ONLY selling the studio operations business with all the equipments , gears , amplifications , incuding fixtures such as split aircons units in each of the four studios inclusive of one resting room for owner plus goodwill items as mentioned above, while retaining our current business name , new owner will need to register a new name for the studio under ACRA following the steps for takeover as above .


MY LOSS ! YOUR GAIN !💰💰

PASSION and DEDICATED EFFORTS MATTERS 🙏🙏 


Facebook Link :https://www.facebook.com/Alliancemusicgroup/


FOR VIEWING : WHASSAP 91478339 NOW! 

Business Operations
Business Hour:
24 hours
Preferred Skills:
Interested owners to takeover must possess a hardworking and committed approach and with articulate aptitude to further grow the established business with current database of customers and regulars .Potential bigger profits are definitely attainable with positive and limitless responsibilities , as owner will be able to use their creativity to boost so much more for this business .Owners with music background will definitely be at an advantage coupled with a dedicated attitude .Only serious business profit oriented owners need consider .
Supporting and Training:
Upon takeover , new owner ,may opt to utilize the services of our fully trained part timers to operationally run the studio should the owner be not around.We are currently paying our part timers at a receivable rate of $6.00 to $6.50 per hour .( This is optional as new owner may have their own manpower and labour strength .One other senior experiece crew new readjusted pay per hour will be at $7/hour
Staff:
, 2 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1195sqft
Rental Fee:
SGD3,100
Rental Deposit:
SGD9,300 (NOT included in selling price)
Lease Term:
Till 2021( options to extend thereafter based on prevailing terms and conditions by then
Premises Detai:
Area size :1195 to 1230 square feet +- ,fully carpeted Other main expenses will include minthly PUB which now averaging between $180-$250 per month delending on control and utilization
Other Information
Facilities:
Under description
Competition:
Our current business sees a steady stream of musicians and bands .Technically we are not influenced by competition as musicians know by and large we are consistent wih well mantained equipments ,personalized set ups and above all a good central clean location.
Expansion Potential:
Concurrently we have a very strong following from the local community of musicians , church regulars and family group style jammers .There is definite expansion opportunities as weekdays morning till early evening , could be potentially useful for freelance music teachers to consider an avenue for teaching their students in a cool quiet environment .

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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